Running costs

Peerzy · 5 May 2011 at 16:16

All this trying to help my mate out and I've spent all day looking and day dreaming at Boxster S'! I'll be after one next.

[TW]Fox · 5 May 2011 at 16:17

Peerzy said:
He earns a fair wack now but no reason to say in 3 years time he wants to buy a house, or go travelling.

How does he do this if he spends all his savings and then all his monthly cash subsequently on running a high end Porsche?

Peerzy · 5 May 2011 at 16:20

[TW]Fox;19062638 said:
How does he do this if he spends all his savings and then all his monthly cash subsequently on running a high end Porsche?

He doesn't/won't.

The £1k a month he's putting aside at the moment is his 'car fund'. When/if he buys say a Boxster S with 2 year warranty as everyone has pointed out he's never going to be spending £1k a month on upkeep so he's gonna be able to save there.

His other money from his wage still affords him holidays, going out etc... so no reason why it shouldn't continue to.

jigger · 5 May 2011 at 16:22

Peerzy said:
Won't do finance at all, simples.

He earns a fair wack now but no reason to say in 3 years time he wants to buy a house, or go travelling. Doesn't want to be committed to anything which is fair enough.

Spending 20k on a Boxster S and hoping a warranty will cover everything might not be a good idea then.

Peerzy · 5 May 2011 at 16:23

jigger said:
Spending 20k on a Boxster S and hoping a warranty will cover everything might not be a good idea then.

Spending £20k on a Boxster S with an OPC warranty and then having £1k a month extra to cover you, save or ***** away on other stuff is probably going to be okay though.

jigger · 5 May 2011 at 16:25

If the warranty holds up, but that's far from certain.

Peerzy · 5 May 2011 at 16:26

So this OPC warranty that people really suggest you get and costs £2k is useless and he will actually need more than £1k a month to run it?

Right?

jigger · 5 May 2011 at 16:29

Peerzy said:
So this OPC warranty that people really suggest you get and costs £2k is useless and he will actually need more than £1k a month to run it?

Right?

Ive been around long enough to know independent warranty's on cars rarely work out and are always best avoided.

Morba · 5 May 2011 at 16:30

jigger said:
If the warranty holds up, but that's far from certain.

So an OPC warranty and £12k a year is possibly not enough to run a boxster?

jigger · 5 May 2011 at 16:34

Morba said:
So an OPC warranty and £12k a year is possibly not enough to run a boxster?

No, it should be a piece of cake, but I thought he didn't want to risk getting tied down? and he might.

Cuchulain · 5 May 2011 at 16:34

Peerzy said:
We all talk about unless you have x stuffed away in the bank I wouldn't try and run this car or that car, or if you don't have an official warranty or minted no point buying car y as it'll eat you alive but I was chatting with someone today who was basically saying he has £750-£1k spare each month put aside for general running costs (this excludes fuel, insurance, tax, depreciation etc) so basically to cover repairs, servicing and anything a garage would need to do.

Out of interest what sort of car could you run for that sort of money a month?

Jesus, it's only £800 a YEAR for our motor (warranty, tyres, servicing). Perhaps he'd be better off just getting a decent warranty and spend the rest on coke-fueled hookers!

(and the award for not reading the whole thread goes to ...)

Morba · 5 May 2011 at 16:35

jigger said:
No, it should be a piece of cake, but I thought he didn't want to risk getting tied down? and he might.

Eh?
He might be buying the car out right which will have OPC warranty and he will have £1k a month to fund anything out of the ordinary for it.

jigger · 5 May 2011 at 16:41

Problems I see.

The warranty company can refuse repairs.

He doesn't need the warranty anyway (Saves 2k)

He would rather not spend the 1k a month (He might have to)

27k gets a new car with non of them issues.

DM · 5 May 2011 at 16:46

jigger said:
Problems I see.

The warranty company can refuse repairs.

He doesn't need the warranty anyway (Saves 2k)

He would rather not spend the 1k a month (He might have to)

27k gets a new car with non of them issues.

What you on about, he buys a Porsche with a 2 year warranty and it gets paid out, thats what makes it worth the money. An OPC warranty is a Porsche warranty its not 3rd party.

jigger · 5 May 2011 at 16:51

That fine if the warranty works, but from my experience they don't. The only warranty I have come across worth the paper its written on has been from the manufacture.

DM · 5 May 2011 at 16:54

jigger said:
That fine if the warranty works, but from my experience they don't. The only warranty I have come across worth the paper its written on has been from the manufacture.

An OPC warranty is from Porsche, the manufacturer.

jigger · 5 May 2011 at 16:54

DM said:
What you on about, he buys a Porsche with a 2 year warranty and it gets paid out, thats what makes it worth the money. An OPC warranty is a Porsche warranty its not 3rd party.

Edit: Ah sorry I thought OPC was a separate company. Why not just call it a manufactures warranty

OPC

DM · 5 May 2011 at 16:55

jigger said:
Edit: Ah sorry I thought OPC was a separate company. Why not just call it a manufactures warranty

OPC

Sorry should have made that clearer

niftyfifty · 5 May 2011 at 17:06

OPC warranty is very worth having, I think an engine rebuild is around £6k? so if something went wrong (and they do) thats 6 months the car is off the road + however long it takes to fix it.

Personally i would lob 10k into the stock market and buy a nice £15k car if i lost it all (the 10k) or buy a 997 C2s when I gained income from the 10k.

DM · 5 May 2011 at 17:09

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